SIX Group – the third largest stock exchange in Europe and the largest in Switzerland – is considering launching a cryptocurrency trading platform in Europe.
Bjørn Sibbern, Global Head of SIX Group, said the platform could compete with big names like Binance, OKX and Coinbase. The platform aims to attract institutional investors thanks to SIX's reputation and progressive crypto regulation in Switzerland. SIX Group is known as the leading stock exchange in Switzerland and is ranked in the top 3 in Europe, so the exchange's plans to enter the crypto market will be good news for the Crypto market.
Sibbern emphasized that cryptocurrencies are gradually being recognized as a legitimate asset class and the new platform will focus on trading cryptocurrencies and Derivative, exclusively for institutional investors. This allows large financial institutions that are hesitant to enter the market to participate with clearer legal conditions. Earlier this September, one of the four leading Swiss banks – Zürcher Kantonalbank also announced that it would provide digital asset management services to its customers.
Details: Top Swiss Bank Launches Bitcoin Buying and Storage Service